Tag Archives: Economy

  • India to provide free food grains to millions of migrant workers

    India will provide free food grains to millions of migrant workers hardest hit by a weeks-long lockdown as well as offer employment under a rural jobs program, Finance Minister Nirmala Sitharaman said on Thursday. ...

  • PM Modi announces $266 billion to boost pandemic-hit economy

    Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus. ...

  • Grim economic data reveals virus devastation

    A new raft of bleak economic data laid bare the crippling worldwide impact of the coronavirus pandemic on Thursday, as hard-hit Europe moved to further ease lockdown measures in a bid to get people back to work. ...

  • Chinese investors flummoxed by India’s new foreign investment rules

    India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. ...

  • NS Venkataraman China as world superpower in post-COVID-19 era?

    There is no doubt that after the Second World War, COVID-19 is the most decisive development in the world, likely to turn upside-down the relations between different countries and the way that humanity will view things in life. ...

  • Coronavirus crisis could plunge half a billion people into poverty

    The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday. ...

  • Virus attacks global economy as Europe, US deaths mount

    The coronavirus pandemic is battering the world's major economies and could spiral into the deepest global recession in generations, experts warned Wednesday, as deaths rocketed up in Europe and the US. ...

  • World stocks rise on spending hopes, still set for worst week since 2008

    World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling. ...

  • Indian rupee hits 15-month low after fresh coronavirus cases in country

    The Indian rupee weakened for the third straight session on Monday, falling to its lowest level in more than 15 months, after two fresh cases of the coronavirus were detected in the country. ...

  • IMF downgrade of growth outlook ups pressure on India’s Modi

    A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. ...